WellTrainedMonkey

$QQQ: Island reversal gap formation

NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Follow up from my SPY note.

-> Bearish island reversal gap formation at +1.9x standard deviation from long-term trend
-> QQQ multiple MACD negative divergence
-> MACD hitting +2x standard 3x in 3 months
-> IWM likely making a lower high at the upper boundary of an established channel


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